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Three quarters of firms believe there will be no improvement to UK infrastructure during the current parliament, pointing to housing shortages as their biggest headache.

In a YouGov survey, commissioned by the Confederation of British Industry (CBI), and infrastructure firm AECOM, just 20pc of businesses were satisfied with the current pace of infrastructure improvements.

Almost all of the 722 businesses surveyed said that political uncertainty would prevent the Government from making meaningful progress on projects in the immediate future. Companies tasked with delivering infrastructure projects were similarly negative, as 98pc said they expected zero movement on major projects until 2022.